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Switzer Financial Group is blaming a larger than normal exodus of clients on an email allegedly sent by a former adviser alleging conflicts of interest. Peter Switzer is now suing the former adviser.
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Rising mortgage rates will help cool housing market Normalising bank funding costs should drive fixed loan rates higher, which will help cool ebullient Australian property at just the right time for regulators. Share Over the years, this column has been the staunchest possible defender of Australia’s prized AAA sovereign credit rating, regularly excoriating Standard & Poor’s for putting it on “negative outlook” ahead of a possible downgrade, only to belatedly normalise the rating years later to “stable” as the “wonder Down Under” repeatedly bested its global peers. A modest in...
How to prepare for war with China While the wider community is mostly oblivious to the risk of war, there is a very real chance that the Australian homeland could be in the cross-hairs. Share Long-time readers of this column have been hearing about the drum beats of war between China and the US for the best part of a decade. Back in May 2020, Coolabah Capital gave a detailed private seminar to hundreds of our wholesale clients assessing these risks and advised that the probability of major power conflict in the Indo-Pacific had lifted to as high as 50 per cent.
ASX Update: Market cheers ‘low rates for longer’ SubscribeBe the first with the news that moves the market Shares surged and the dollar dropped after unexpectedly mild inflation data doused fears the Reserve Bank might raise the cash rate ahead of previous guidance. The S&P/ASX 200 jumped more than 20 points after the data drop, boosting cautious early gains to a mid-session tally of 29 points or 0.41 per cent. The dollar dived around three-tenths of a cent to 77.37 US cents. What's driving the market Worries about inflation were blown away by weaker-than-expected quarterly data. The c...